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The Dylan Ratigan Show

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  MSNBC    The Dylan Ratigan Show    News/Business. The day's most important  
   issues and breaking news stories. New.  

    July 29, 2011
    1:00 - 1:59pm PDT  

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thanks very much for watching. dylan ratigan's here and he picks things up for the afternoon. dylan? all yours. >> thank you so much, mr. bashir. hope you have a lovely weekend, by the way. >> same to you, sir, an thank you. >> and i will see you on monday. our show begins. show begins right now. well, the big story today, call they are members of congress on capitol hill, try to put pressure on that that way. this is bewildering when we get into the weeds of congressional procedure and so forth. i have to say, things might be clearer in the wake of this crash and burn of the second boehner plan, the second attempt to get through the house and their inability to do so. things may be a little more clear if only in the sense we know what can't pass congress now and what won't happen. the strategy all along on the part of boehner, fas out of the house in the belief it would be debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come the only thing standing come tuesday and the president and senate would have no choice but to pass it. the president no choice but to sign it. that's obviously not going to happen now. what the speaker has put on the floor largely seen as a face-saving measure, because what he had there was going to crash and burn at least he's going to pass something out of the house. now the question is, between now and the time that harry reid files his bill with the senate clerk sometime late tonight, starting at 7:00, we go with the
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until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on procedure again. will he have a bill that can attract enough republicans in the senate to pass the senate? talking about a vote, the first big test vote, 1:00 a.m. on sunday morning now, dylan. >> all right. listen, always a pleasure, mike. enjoy your weekend. i'm sure you'll be busy. joining us now, republican congressman smack in the middle of think saying he doesn't know which way he'll vote. one of then decideds on the boehner bill. in a tweet earlier kingston described, this is like a long this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reasons boehner didn't go to the floor. not aa lot to give away. on the freshmen site, this balanced budget amendment which will be on the third boehner debt limit bill's in three days opposed by every democrat in congress and expected if this labor with the dad in the waiting room waiting to city it's a boy or girl, and the doctor keeps coming out and saying, i can't tell you yet. do you -- before we get into the politics, representative kingston, play oddsmaker with me. do you believe when this is all said and done that the various interests will get to a deal of some kind that prevents the dwaumt? >> dylan, i think we will. i think both sides know how serious mistakes are. we know how high it is. no one wants to default or the
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balanced budget enactment entrenched extended in early next year will get this two 216. i've spoken to a lot of members all but guarantee it's going to pass tonight at 6:15. it's anything bought formality. the question, what occurs over the weekend. there's a lot of uncertainty here on capitol hill. seems as though because this proposal from boehner has gone to the right it will be absolutely rejected in the senate. and now it becomes a game between mitch mcconnell and harry reid, what compromise they credit downgraded. there are serious philosophic's differences but we know the overreaching theme here has to be do what's best for america, and put the party and politics aside. as you know, as an observer of the process, first you've got to get out your philosophic's licks and then come together and do what's best. that's a difficult process, but that's why we'll be here all weekend working on this weeks and months prior to then. i'm an optimist. i think we're get there. can put forward. from a financial standpoint, uncertainly reigns king. folks don't want to see the markets go down on monday or tuesday. there's an emphasis to get it done. the long letter this goes on, w wants to bay house? a lot of uncertainty in the country. >> at the end of the day, the president has a process loping to strike a big deal, get him in 2017. never deal with this ever again. >> i'm an optimist and happy to hear that. we discussed yesterday the debt ceiling debate with the following metaphor. it's as if you have a chronic problem of being overweight. we're in debt. but you have an acute problem of a collapse in prosperity and joblessness. that's your broken leg in my metaphor. are we off base to be arguing about weight-loss, by the way irs comment, heave has brought this to the table baurgs we do need to lose a lot of weight in
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any chance any deal that gets made, i don't care whose name is on it is anything but a short-term band-aid? >> the president compared this, working a rope line at an event we'll normally talk about fuel efficiency standards. someone said i'd like to go and play poker. the president said i'm in a high-stakes game of poker right now. in the wake of all of that conflict and all of that uncertainty and closed door turmoil you and luke were talking about in the house memb the debt metaphor, but is not the most important thing right now the prosperity problem and the jobs problem? is that not the broken leg? the acute problem? >> still >> dylan, i agree. we keep talking about the cuts. there need to be cuts and reforms. we agree. we also need to create prosperity. if we can get people working again. we may argue about that. i think that bringing down the price of fuel would be important. easing in of the regulatory burden, looking at the dodd frank stuff, crippled small bank lending, we could get into a job creation mode and the best days would be in front of us. let me say this, dylan. i ammance us a know, a hard-core conservative republican but i want barack obama to be a very successful president because it's good for my country. that's what we've got to start doing. focusing in on america and less on party, less on washington nuances, but a lot of times in situations like this we get bogged down in the process, and we forget the big picture here.
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i do believe that we're going to get through it. if you and i were at the table we could find stuff we agree on. >> no doubt. the issue, the frustration for me outside of the conversation, which is almost everybody. >> yes. >> is that there is a sense of a decline of american prosperity and there's a sense that the representatives while addressing important things, like debt or other debates that come up, are avoiding the core prosperity debate, which is the acute issue of the american people. and you can see that in every poll. then say, this is great. the debt, good on energy. fine with the war. work on this. what about my job? what about my retirement? what about american prosperity? and it appears that the congress does not have the ability or desire to hit the big problem. >> i think we get wrapped up in this debt thing and we make spending or savings a virtue, and i think to a degree,
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spending and saving does reflect some of our values but beyond that, the stuff we can agree on, as i said, easing ip the credit so small businesses were borrow money and expand. get rid some of the job killing regulatory burdens would be helpful. lowering the price of energy through an all of the above energy policy. i think there are a lot of things democrats and republicans can get together on and do what's best. an example i use quite often is how many people do you know who actually fill out their own tax return these days? no one does it. we always have to pay a lawyer, an accountant to figure out what we owe uncle sal. that drains the economy. something like $160 billion a year we could be spending on job creations or education or savings or whatever. but instead we're chasing this honest tax code which i believe is a job killer. aagree. we freed need to get beyond this weekend and into the job creating business. >> i look forward to that
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conversation after this weekend. appreciate your time this afternoon. >> we will get there. i look forward to it also. sooner than later. jack kingston out of georgia, republican. coming up here, all the nonsense playing out on the hill. an important question for those has are really just getting up it speed with the madness and who can blame them for ignoring it for so long. but how did we get into this situation in the first place? my best attempt at an answer, with the mega panel to keep me honest after this. plus, the human impact. americans' big dream used to be own a home. now -- far more basic than that. surprising results of a new survey, and before you fire up the grill this summer weekend, d you do have to hear this. why some are likening hot dogs and eating one to smoking a cigarette. i kid you not.
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welcome back. people have been coming up to me all week. friends of mine, people on the subway saying, dylan, how did we get here? what's going on? based on the reporting i've done and the fofolks we work with, h the best way i've been able to answer them. the problems with this country's structure started in the late 1990s. about halfway through president clinton's presidency. president clinton with a republican congress and a goldman sachs former ceo treasury secretary deregulated banks and affected trade reform. bob rubin was the treasury
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secretary. effectively, they released trillions of dollars of funny money into the american economy. in banking, it let the bank lend and gamble with money that wasn't theirs. that didn't have to be invested. had no standards, no capital, no nothing. it set in motion a ten-year credit and housing bubble that eventually led to the explosion and collapse in 2008. meanwhile, less than abled nafta, the so-called free trade deal which basically empowered a few u.s. businessmen to earn billions for themselves and their shareholders by sending our jobs and trillions of our dollars offshore, at this point not to be seen again. that boom caused by the bank gambling and the foreign trade profits caused a huge spike in revenue, and with those revenues, clinton was able to leave office with no budget
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deficit, a budget surplus and smelling like a rose. president clinton then handed that bank and trade left soaring revenue to george w. bush. think of it like george w. bush suddenly found himself with a high-paying job. somebody who gave him all this money. goes out, buys three houses, seven cars, and two helicopters, simply because he's got a high-paying jobs. instead of homes, cars and really cool choppers, bush took that trade bank boom, that credit boom in our economy in 2000 and financed two war, medicare part d to the get re-elected in '04 and tax cuts for the rich, without paying for any of them. the good thing for george bush was he still had the clinton funny money machine coming in to fund the projects. this is a look at george ding
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so clinton creates the revenue. george bush spends it. everything's more or less okay, but then the crash of 2008 hits. watch your head. the clinton enabled funny money time bomb explodes. a massive home drops. that was created under the spending under george bush. revenue collapses. it's as if the nation lost its million dollar job but is still paying the bills for three house, seven cars and two helicopters. enter barack obama. instead of addressing the exposed fraud and dysfunction in banking and trade, and the resulting jobs and housing crisis that he walked into, president obama tries to reinforce the very same flawed clinton era banking and trade
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policy. bill clinton came out and said those banking policies were screwed up. we shouldn't have done that. meanwhile, barack obama revalidates those policies under bob rubin and sets off on his own spending spree. health care stimulus. so president number three effectively takes the clinton trade and banking mixes it with the bush wars and tax code, because, yes, barack obama did re-up the bush tax code, instead of reforming those things barack obama doubled down. so let's review. clinton deregulates. bush spends that money. war, drug give aways, you name it, an obama ignores it because he already had a plan for what he wanted to do. no matter what was going on in the world that day. so now we are left with a choice. according to washington, anyway. tax more, or cut benefits from the old and poor.
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not reform banks. not reform the tax code. not reform trade. not cut the wars. how can this possibly be acceptable? when neither obviously is? and there clearly have to be another way out that acknowledges how we got into the situation in the first place, and to help us figure this out we turn not only to peter more reese also the mega panel and professor more reeerisi, there' clearly another way out of this situation no political party is willing to talk about. can you give us any insight? >> well, if the economy were growing, the nets wouldn't be nearly so bad. you've struck on it. we freed to grow. not by printing money on wall street and monopoly money but growing manufacturing seconder and our trade, our energy sectors so we don't have such a huge trade deficit subpoena we need to start by redefining our trade relationship with china.
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free trade with china is not working it's not balanced. it must be based on balanced trade or we shouldn't have it at all. that's a bit of a xach ebbation. >> i get that. what i'm getting at, whether it's trade reform or a trade debate. agree with you or some other version of what to do with china, bank reform or bank debate, agree we me or somebody else. tax reform. neither political party, peter will talk about tax reform, trade reform or bank reform. >> absolutely. at the most fundamental level our politicians have to let go of ideology. president obama is a captive. free trade ideology and doesn't understand the theory of free trade as we teach where i teach and any other university including mr. somers. likewise, more and more expensive regulations don't solve the problem, the slick wall street lawyers can get them around it. wep need to regulate them more smartly. on the republican side they've got to let go of their
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ideological problems. namely, the notion that few regulation and lower taxes will solve our problems. wall street does not need a tax cut. it needs higher taxes. and certainly doesn't need to be re-regulated, but properly regulated. >> one regulation. capital requirements. >> capital requirements but also i think depositories including money markets should be separate from investment banks. >> yeah. when you guys look from an analysts standpoint. the mega panel is shehere. from the nation is here, crystal ball, democratic strategist former candidate for congress and lloyd weber. when you look at the nest that this is going back. obviously president clinton had good intentions. i think i can release this money. can do this. george bush thought he was doing the right thing to defend america. get into these wars. barack obama well-intended, create health care and all of
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these things. at the end of the day, no one is actually looking at the data, which is we are losing jobs, we are losing al of our money, and we are spending money we do not have, which then now leaves us to the sort of chaos. do you see any political avenue to get what we're talking about here into the political dialogue in washington? starting with you, ari? >> slide two of the presentation you did, something the president couldn't say. right? it's not in his political definition to say, i'm continuing these problems from the last guy. right? that's why it feels like a -- >> and bill clinton's banking, bill clinton's trade. doing george bush's war, crystal, and doing george bush's tax code and wondering why everybody's flipping out. the tea party wants to burn the place to the ground. probably the wrong ideas thousand fix things but you can understand why they're so ticked off. >> absolutely. both parties ms. read the mandate of 2010. they thought 2010 was all about
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cutting spending. to the tee party's credit, they have pulled the center so far to the right, now what the president is proposing in his grand bargain is really a moderate conservative position. that's how far he's shifted and dedicated to being a central president -- >> even if he gets his way it's not bringing back prosperity. we had that million dollar job, when home values are up and people are employed. the equivalent for a million dollar job for anybody in the world. you don't have jobs, prosperity, you don't have revenue and have huge problems and no one wants to talk about the fact that the revenue was create not by creating value but by extracting it. it gave the illusion of prosperity, funding george bush, and now we're sitting here going aft after poor people. >> exactly. i wonder if the crisis is
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actually going to change the conversation? i through a question the other day about churchill, americans always do the right thing and exhausted other options. i'm wondering now is that is going to be the case. we had the chinese state television today in something of the american system talking about the ddysfunction. this was the chinese. rest of the world is looking at america thinking, excuse me, the european union met last week and came up way compromise. hang on a minute. maybe america now, this is the moment for the conversation. >> hold on. peter, do you agree? the brush with the wall will shake some sense into folks or do you think the special interests that prevent bank, cash and trade reform are still too powerful? >> such a firestorm from the public. we're not defaulting on tuesday but a shutdown. pay the interest on the debt and that will create such a firestorm from the public they're going to have 20 re-examine at least the
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processes on capitol hill, succumbing to solutions. this mooring to ideology on the left and right, we used to have a governing center from both parties that would come together when these things occur and then that simply hasn't happened this time. that's what's necessary to break both the political log jam and the ideological log jam. >> i disagree. i don't think the debate now is about the left, right or center. this debate is whether we're going to pay the bill for the dinner that congress already ate. and trying to run out on the bill, i don't know if that's moving to the right. >> isn't the threat to not pay the bill for dinner, the tea party's way of saying, we believe the restaurant you have chosen and the way you've spent the money and the person in charge of the wallet is a corrupt s.o.b. who is bought and you know what? we're not paying. >> one point briefly. then -- >> the point i want to make and i brought in a little visual aid. >> okay. >> this is the number that we
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should be talking about. because this is not an economic story. it's a political story, and all we need are 25 republicans in the house to get onboard with whatever the democrats are going to reasonably do and then raise the debt ceiling. >> that's the story. i agree the structural context for this. >> but the political debate is a matter of 25 republicans. >> 25 also meaningful because essentially that's the number of republicans holding the country hostage right now. >> yes. >> if you look at this, we have a situation where, yes, the deficit is important. yes, our debt is important. yes, these issues are critical but they've made a huge gamble taking the country hostage pushing through an ideological agenda with no hope of passage otherwise. the republicans only control the house. our system is government is set up to have checks and balances so one body cannot pressure everybody else into doing what they want and they'd thuved kniss mechanism to not
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compromise and get their way on everything with half essentially works. >> as disgustings that note may be, we will take a momentary break. the company with more cash than the federal government. it has come to this, and more with mega panel on this friday afternoon. do stay with us. [ groans ] [ marge ] psst. constipated? phillips' caplets use magnesium, an ingredient that works more naturally with your colon than stimulant laxatives, for effective relief of constipation without cramps. thanks. good morning, students. today we're gonna continue...
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we're back korchting or mega panel discussion about the debt. a fun fact. apple computer now has more cash than the u.s. government. according to recent treasury statements, america has a balance of $74 billion when you add it up. the world's largest technology company carrying $76 billion in case they have a new i-product. makes sense with america's properitiesy of late. gdp showing the economy increase in activity a paltry 1.3% in the second quarter. that's even less than a
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disappointing 1.9% in the first quarter. and bear in mind, gdp only measures the activity level in our economy. it does not measure what that activity is. so if that activity is breaking people's arms, poisoning the water supply, cleaning it up, burning buildings down, good for the gdp. or if curing cancer or something like that, that's also good. a story for another day. our specialist peter merisi is still with us as is the mega panel. ari, krystal, dotalking about disparagy. any way to not run directly at the special interests paying off both parties on trade, banking and taxes? >> you have to run at those interests or you won't get the economy growing. you takd about everything counts. think about how much of that gdp is banking and that's just trading on wall street and creating paper profits. i betcha if we pulled that out there wouldn't be much growth in
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the u.s. economy at all, and we need substantive growth. making things. dwoefling our own oil and gas. things of that nature. >> sure. >> solving problems. solving health care problems in a fundamental way. if you double the salary of an insurance executive, will that counts in the gdp. we need to create jobs. growth that creates job and then we'll have prosperity. growth 3% in the year, we have real prosperity. >> the barrier to having that prosperity is the special interests. >> jpmorgan and big pharma. >> special interests. they stand in the pockets of a lot of democrats and a lot of republicans who would agree with our rhetoric. saying, yes, dylan, yes, peter, yes krystal, yes, yes. we need to reform the banks, reform -- banks want 40% of my money a bunch from caterpillar,
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et cetera. any way to have the debate without the strangle hold of the banks and trading pirates? >> i don't think so. in my view, the most important, the most fundamental issue what we really need to deal with is campaign finance reform. i think you're right. americans understand the problems. to this point awake more than ever but feel powerless. what can we do? even the president himself all he says is, call your member of congress. if you're just putting in a call and you're not the one writing a check, guess how much that call means? >> how much? >> very, very little. >> in the uk, campaign finance in the ucht k, cost $50 million for all parties and happens over a month. that's it. talking this time about it's going to be a billion dollar campaign. it is ridiculous. you're absolutely right, that is such an important starting point. look at apple. it's business at its best. >> and is it? is it -- i agree that it's
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american innovation and ingenuity at its best. and tainted, i don't want to hurt your love affair wir tth t company but i'm glad you're sitting down. did you know all of those iph e iphones and ipads are made at a slave farm in china because it is more profitable to apple to design the i.p. in the bay area and hire a chinese slave with a currency and rigged tax structure in order to make more money selling me and you ipads and iphones. even the holiest among us, apple computer, the great creator, because the economic structure is what it is has a tremendous incentive to hire chinese slaves and make more money. >> please, please, i'm certainly not -- >> i agree. >> it is changing the situation in china. the chinese have their own problems at the moment. fascinating fact about china is the first time this year they're spending more on intel security than -- the chinese government looked and are terrified.
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>> i know that they do. what i'm saying before we point to apple as the beacon on the hill, let us be aware that the business architecture right now is based on the exploitation of rigged banking and trade. whether they want to or not. walk in the room, these are the rules. you're like, if those are the rules, here's how you play. >> isn't that the idea that the spr problem is here having a tremendous don't about pushing the rules of the government, spending time not figures out the rules for the rest of the people 2349 economic system. your pointance great. this company can create something sell it. that's great. the other side of it, do our requirements and import structure, does all that respect the value of this country and human rights? >> more than that, is it a fair deal. if i am out selling blackberries for $1 and do you a deal where you say, whatever dylan's sells his blackberry for i will sell it for 50% less which is what china is doing to the united
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states with their currency. whatever dylan does or america does, we will do for 50% less, as rigged structure, guarantees that you get money and i don't. and that is a -- mathematically, that is a rigged structure. in other words, the currency of china would come up naturally because of the demand for the money coming into china that would elimonate. and the last word on this, prosperity problem, special interest problem and the story of three presidents and a big pile of horse manure. >> oh, my goodness. well, clearly, we need to get americans a fairer deal. when we make these economic policies we have to ask, first, how does this affect the middle class guy that makes maybe $30,000,s 40ds,000 a year? does it give us more of them? without more of them at the end of the day there won't be glass tower jobs at apple and jpmorgan in the end. in the end, they have to have
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customers. what they're doing, cannibalizing customers by the policies we're pursuing now. >> listen, a wonderful conversation from all of you. thank you for having it with me, and it's nice to see everybody. have a good weekend, you guise. next up, the story behind this billboard. where's the billboard? an indianapolis motor speedway. a billboard you'll see -- there it is. yes. take a look. you're looking at hot dogs in a cigarette pack. nascar fans being warned that hot dogs are as dangerous as cigarettes, which puts me in a sort of double whammy situation this weekend.
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fair warning to everyone planning on firing up the grill, the fumes from your barbecue may be the healthiest part of your meal according to a nonprofit group who erected this outside the motor speedway claiming hot
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dogs may be just as dangerous to your health as cigarettes. a study from the american institute for cancer research found even a small survey of processed meat everyday can increase your risk of cancer by between 20% and 30%. because of that, the group says your franks should come not just with ketchup or mustard bought warning label, too. now, of course, the meat industry objects to both the results of the study and the billboard, and says a few hot dogs is all part of a balanced diet. as for me, i read it and thought to myself, i'm having enough trouble having quitting cigarettes, i now have to give up hot dog as well. next, white picket fence two-car garage not only the american dream. what simple little thing is america's majority working for today? the answer after this. uh, i'm in a timeout because apparently
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dr. scholl's custom fit orthotic center recommends the custom-fit orthotic that's best for your tired feet. foot-care scientists are behind it. you'll get all-day relief. for your tired achy feet. for locations, see drscholls.com. thank you... all right. it used to be the american dream was owning a home in the suburbs way two-gar garage, throw in a backyard, pibt fence, maybe a dog a few kids and you really nailed it. well, my next guest says those days at least for now are over. he says the new american dream is simply having enough money to be able to retire. survival is the new gold standard for americans. nearly half of americans agree with his view.
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look at the numbers. what happens? here to break it down with us, greg from main street dotcom. one of the 47%, the thing is the precipitous drop-off to everything else. so 40%, 50% saying i want to survive. the next biggest group is 17% saying they want to own a home. it's off a cliff after that. survival is in. >> survival is it. it's not an aspirational thing anymore. americans are not looking at what they can do. the american dream is no longer a dream. the american dream is much more of a reality nowadays, and you have 47% of people saying that their top financial goal that they aspired to achieve in their lifetimes is just having enough money in retirement. this is something we used to take for granted. this, the story used to be you work, you put a little bit of money every month in a savings account. you monitor your investments and one day you'll be able to own your own home and have a roof over your head and do what you want with it. these days that is simply have not true anymore. the dream is out the window and
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people are, they're expecting to work longer, if they'll move in with their children but are legitimately worrying about whether they'll be able to retire comfortable. >> how much did the collapse, really, the inflation of home values over the ten years prior and the collapse in 2008 affect the reality your describing? >> i think that is a big reason why people have sort of given up on housing. used to be you could get yourself a mortgage and you could pay it off and it was considered debt but it would also pay itself off, because home values were on the rise, then you could count on that being a stable investment. these days it's hard to find a stable investment anywhere. housing, the drop in housing prices has affected people at all levels, and it's affected them very unequally. you ask people in some places where they're over 50% of homes are under water, and these are people that have no ability to make that money back. they're going to take a loss on
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their house and be left with nothing at end of it, and, you know, this is a place where the government can really step's in to help the housing market, and for now it's not really doing anything. i mean, for now you have wells fargo paying an $85 million settlement to people they gave bad loans two and three days later, reporting earnings. it's not right. people aren't going to find that relief from the banks that have put them in this position. >> which then brings us, not that i want to go back to the same place every time, until we face the fact that the government, democrats and republicans, our reliance on getting money flt banks, 40% of all political funding comes from the banks and the health care company, and the energy companies, then the drug companies, you will have a gft that is working for predator endties as america's expense and this is the result. >> absolutely it is the result. and there's proof of this everywhere. i'm not surprised at all that people have a basic fear of what they're going to do when they retire, because you have
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examples ever this everywhere. you have savings rates next to nothing. you know, from every major bank in the country and you have a government that right now they're dealing with the debt ceiling debate, and this is, takes place on a macro scale but at the same time, they're putting social security on the table. if this debt ceiling doesn't get raised, if this debt issue does not get worked out people will not get their social security checks. this is after two or three years of those social security recipients receiving no cost of living increases and more and more people relying on that as their only source of income. so everybody in the united states, at every age, my age group, my parents' age group, they have plenty of examples of how retirement these days is a tenuous affair. they do not have confidence in that long-term nest egg anymore. >> do you think the connection between the sense of personal vulnerability is tied to the obviously corrupt and botched nature and special interests
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control of the government? >> i do think it is subpoena my personal belief notwithstanding, the last time the country was recovering from a gigantic recession, we can point to the great depression, and we had a government in place after that time that was clearly looking for solutions to the problem. not looking for political points. not looking to increase stature and not looking for big bank scapegoats. they were looking for, how are we going to be able to get people jobs, to improve our infrastructure while we do it to get more food on their tables and give them a way to pull themselves out of poverty. what we have now, this cause of the poverty has put a lot of people on the edge of the cliff, and the government is not there to catch them. >> no. the government is working for those who profit by their impoverishment. >> true. the government -- when they're able to accept settlement from wells fargo for $87 million. so insulting, it's negligible
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and these are people who regardless of whatever refinancing deal they get, they'll still be in the hole and will continue to dig themselves into that hole. >> greg, appreciate your add voe casas. i respect what you're doing with your time and your career. and appreciate the time to talk to you. >> thank you. >> greg emerson, check him out, mainstreet.com. coming up, "hardball" has a busy one. voting is soon to develop, or so they say. chris matthews following all the action with his analysis. first, when the people supposed to protect you are actual liz those preying on you, speaking of our government. one woman's mission to expose institutional corruption and sex trafficking now the topic of a new blockbuster movie. she's here with the director of that film, next. [ groans ] [ marge ] psst.
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all right. institutional corruption, whether special interests waying off our government to the avoid dealing with our own problems, or in so many other places in the world, is rampant these days. it is not just in america by our own government. but even by those directly cast with protecting the single most vulnerable on our planet after war. corruption in places like the united nations. >> i found padlocked room, young women's passports and a lot of u.s. currency. >> what about it, columbo. >> i don't know, but something [ bleep ] is going on. >> in a new movie "whistle-blower" an american police officer exposes a united nations cover-up of human sex trafficking in post-war bosnia.
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the academy award winning actress rachel weisz plays our next guest who is the actual individual who did this. kathy bolkovac. i congratulate both of you, along with the director, on bringing in to light. give us a sense what we need to know. >> the main thing you need to know this has not just been happening recently but going on for decades. >> what is "this is"? what's going on? >> human trafficking supporting prostitution, and organized crime that's been i guess basically entangled into the united nations, our police passports and our own state department for many, many years. >> when you say entangled what do you mean? >> people, people like myself who went overseas to serve our country and worked for the united nations were caught using brothels, buying women outright not just for prostitution in the
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brothels actually buying them for thousands of euro, taking them home, abusing them, making videotape. caught bringing women across borders, trafficking them, forcing documents. >> and these are individuals presented to the local population, the young women, and as their protectors who have come to end the war? correct? >> these are international diplomats, escort soldier civilian police and well as local police. >> how did they react when you -- how did the senior management, if you will, at the u.n., the international police force, react when you said what was going on? >> they completely denied it, and stated thing like we have a zero tolerance accountability in this mission, and that completely was not the case. it was a denial. that's all that kicked in the entire time. it wasn't happening, and the head of the mission at that time was quoted as saying, there's
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not one single police monitor it been involved in police trafficking during his tenure. he outright lied. >> and there's documented evidence this has been going on for decades? you made a movie about this, great journalism on your part. congratulations. >> thank you. >> what are you hoping to achieve in bringing this out? >> yeah. >> and specifically, are you seeking some form of justice either on behalf of the women themselves or with the united nations? >> i mean, specifically, you know, i just couldn't believe his hadn't been turned into the state department, international peacekeepers, sex, money. it's a robert ludlum thriller. our first thought, make a movie that got into theaters. when they go home, they're look it up. go to google, look up what's happening and i hope it becomes part of public discourse. that's the only way i think thing, are going to change. >> is it a suggestion in your movie a culture of sexual abuse,
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of sexual possession, of sexual trafficking and women is endemic to the global u.n. peacekeeping international police force or is it a suggestion this was a unique event that happened in bosnia. >> it's absolute not a uke event and at the end we have title cards that tells -- reports coming out of afghanistan today. have to look at sort of this group mentality. this culture. guys that grew up on vietnam movies. oh, just before i go in the jungle i got two days in saigon and there's a girl sitting there going, $5. it wasn't my intention to point out individuals. but actually look at a system that allowed this and continues it allow it. that's what they call these girls, whores of war. it's been going on for decades. >> face it, the war is over. these human trafficking victims are following international missions all over the world and it's that money facilitating
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this entire organization. >> as we fund the global -- >> that's right. >> peacekeeping business, the money that we're funding is being then used to fund the consumption of women bip the people that are there. >> that's right. >> i wish i did not understand it. i wish you hadn't communicated it quite so effectively. i say that jokingly. you bear and extraordinary story and i thank you for sharing
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